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|Check 21 - What is it, and how does it affect me?
Check 21 is a new law that allows credit unions & banks to ‘truncate’ checks earlier in the check clearing process and more
often. It also allows all U.S. financial institutions to start the process of substituting paper checks With electronic checks at any
point during the check collection process.
Fake Cashier's Checks - Don't Be a Victim
Many of us have always said "Hey, it's a cashier's check, no need to worry." Wrong. Cashier's checks have always been
treated as if they are as good as cash, but that's not a sure thing anymore. Scammers are using phony cashier's checks to
take advantage of our trust. Unfortunately, the trickster is not often caught and individuals and businesses suffer the loss.
This means that all of us, individuals and financial institutions, must change the way we do business With cashier's checks.
Hardly a day goes by without more bad news about mortgage woes across the country.
Some consumers looking to buy a home are wondering: Could I find a good deal on a foreclosed house?
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